How to Buy Crypto with Neteller

About buying crypto with Neteller

Neteller is a digital wallet you can use to pay online without handing over your bank or card details each time. It’s run by Paysafe, a London payments company, and works worldwide in a range of currencies, so you can hold a balance and spend from it. Among crypto exchanges, acceptance is narrower than cards or bank transfers.

Paying an exchange with Neteller means you top up the wallet, then approve the payment from a balance held in your own name. You don’t share bank or card numbers with the exchange itself. The name on the wallet has to match the exchange account, and a payment is generally final once you’ve approved it.

The list at the top of this page shows the exchanges that take Neteller.

Neteller history

Neteller was founded in 1999 and launched in Canada as a digital wallet for online payments. In 2004 the company moved its base of operations to the Isle of Man. It built its position in online trading and gaming, sectors where card acceptance is inconsistent, which is part of why exchanges recognise it at all.

In 2015 Optimal Payments PLC, now Paysafe, completed its acquisition of Skrill, bringing Neteller and Skrill under the same parent. In January 2021 Paysafe added a crypto dashboard, a multi-currency wallet, withdrawals to up to 10 bank accounts, and a redesigned Net+ prepaid Mastercard. Later that year, in November 2021, four more cryptocurrencies were added for purchase within the wallet.

Neteller and crypto

Neteller has its own crypto service built into the wallet. Through the Trade tab in the crypto section you can buy or sell over 40 cryptocurrencies, placing instant, limit, or recurring orders and setting price alerts. The wallet shows a portfolio valued at current sell prices.

Neteller isn’t a cryptocurrency exchange itself; it partners with exchanges to offer this. One thing to understand: crypto you hold inside Neteller can’t be sent to an external wallet. The service is built for exposure within the Neteller system, not for moving coins out. That’s a separate thing from using your Neteller balance to fund an account at an exchange, which is what the rest of this page is about. The crypto feature also isn’t available everywhere.

How to buy crypto with Neteller

The steps are much the same wherever Neteller is accepted.

1. Open and fund a wallet. Set up a Neteller account in your own name, verify your identity, and add a balance.
2. Pick an exchange. Choose one from the list at the top of this page.
3. Verify the exchange account. Complete the exchange’s identity checks, using details that match your Neteller account.
4. Choose Neteller to pay. On the deposit or buy screen, select your currency and pick Neteller.
5. Approve the payment. Log in to Neteller and authorise the transfer from your balance.
6. Buy your crypto. Once the funds land, place your order.

Can you buy crypto instantly with Neteller?

Paying from an existing Neteller balance is a push payment: you log in, authorise it, and the funds are debited immediately, with no bank or card issuer clearing in between. So deposits usually show up within minutes. A few things can slow that down. A first-time payment may trigger extra identity checks, and if the exchange still has to credit the balance on its side there can be a short wait. Bank cut-off times and weekends matter more when you’re funding the wallet than when you’re spending from it.

Fees when buying crypto with Neteller

There are a few places a Neteller payment can cost you. If the payment currency differs from your wallet balance, Neteller adds a fee to its wholesale exchange rate for the conversion; the provider doesn’t publish a fixed percentage, but since it’s charged on the full amount it tends to be the largest cost on anything sizeable. Funding the wallet in the first place can carry its own fee. On top of that, an exchange may charge its own deposit fee or build a wider margin into an instant buy. Check the transaction summary before you confirm, where the total should be shown.

Neteller or Skrill?

They are the same company’s products and behave almost identically: similar fee shapes, similar conversion markups, similar country coverage, similar verification. Neither is meaningfully cheaper or faster than the other as a rail.

The practical difference is acceptance. Some venues take one and not the other, so the wallet worth opening is whichever the exchange you have chosen actually supports.

If you already hold one of them funded in the right currency, use that. Opening the second wallet to save a fraction of a percent is rarely worth the verification round.

How to choose an exchange that accepts Neteller

When you’re weighing up exchanges that take Neteller, compare a few things. Look at the total cost shown before you confirm, since the currency the exchange charges in decides whether Neteller’s conversion fee applies. Check how long verification takes, and whether you can withdraw back out to Neteller, since deposit and withdrawal are separate decisions at each venue. Look at which coins you can buy and at the exchange’s security record. The list at the top of this page shows which exchanges accept Neteller.

Neteller pros and cons

Questions

Neteller FAQ

Does the wallet have to be in my name?

Yes. The name on the Neteller account must match the exchange account. A payment coming from someone else’s wallet will usually be rejected.

Can I withdraw back to Neteller?

Sometimes. Payouts to a Neteller wallet are supported, but each exchange decides separately whether it pays back out this way. Check before you fund.

What does a Neteller payment cost?

Possibly a fee to fund the wallet, the exchange’s own deposit fee, and Neteller’s conversion fee if the payment currency differs from your balance. The conversion fee is normally the largest of the three.

What happens if a payment fails?

The funds stay in your wallet or are returned to it, and nothing reaches the exchange. A common cause is a mismatch between your Neteller details and the exchange account, so check those line up.

What should I use if an exchange doesn’t offer Neteller?

Skrill is the sibling wallet and behaves much the same way. Otherwise a card or bank transfer is the usual fallback.